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Goodwill and Other Intangible Assets
12 Months Ended
Sep. 29, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

6.

Goodwill and Other Intangible Assets

The Partnership’s fiscal 2018 and fiscal 2017 annual goodwill impairment review resulted in no adjustments to the carrying amount of goodwill.

The carrying values of goodwill assigned to the Partnership’s operating segments are as follows:

 

 

 

Propane

 

 

Fuel oil and

refined fuels

 

 

Natural gas and

electricity

 

 

Total

 

Balance as of September 30, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,082,297

 

 

$

10,900

 

 

$

7,900

 

 

$

1,101,097

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

(6,462

)

 

 

$

1,082,297

 

 

$

4,438

 

 

$

7,900

 

 

$

1,094,635

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2018 Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill disposed (1)

 

$

(1,165

)

 

$

 

 

$

 

 

$

(1,165

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of September 29, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

1,081,132

 

 

$

10,900

 

 

$

7,900

 

 

$

1,099,932

 

Accumulated adjustments

 

 

 

 

 

(6,462

)

 

 

 

 

 

(6,462

)

 

 

$

1,081,132

 

 

$

4,438

 

 

$

7,900

 

 

$

1,093,470

 

 

Other intangible assets consist of the following:

 

 

 

As of

 

 

 

September 29,

 

 

September 30,

 

 

 

2018

 

 

2017

 

Customer relationships (1) (2)

 

$

499,432

 

 

$

492,656

 

Non-compete agreements (2)

 

 

33,540

 

 

 

31,040

 

Other

 

 

1,967

 

 

 

1,967

 

 

 

 

534,939

 

 

 

525,663

 

Less: accumulated amortization

 

 

 

 

 

 

 

 

Customer relationships

 

 

(330,571

)

 

 

(279,287

)

Non-compete agreements

 

 

(27,836

)

 

 

(25,242

)

Other

 

 

(1,349

)

 

 

(1,258

)

 

 

 

(359,756

)

 

 

(305,787

)

 

 

$

175,183

 

 

$

219,876

 

 

 

(1)

Reflects the impact from the disposition of certain assets and operations in a non-strategic market of the propane segment (Note 3).

 

(2)

Reflects the impact from acquisitions (Note 3).

 

Aggregate amortization expense related to other intangible assets for fiscal 2018, 2017 and 2016 was $56,580, $56,454 and $57,145, respectively.  Aggregate amortization expense for each of the five succeeding fiscal years related to other intangible assets held as of September 29, 2018 is estimated as follows: 2019 - $55,949; 2020 - $54,964; 2021 - $45,541; 2022 - $4,851; and 2023 - $4,250.